8.8
I agree with that renminbi should have its deserved status with the China's role on the world economy stage.But the road is long,so we must strive for it.
3.3
This report talk about that the dominant status of US dollar was shaken by the euro and Reminbi. Euro has been the dollar's most "credible" rival for a long time. And recently, the authorities of China has take steps to change the renminbi into a international currency.
5 and 5.
This is a popular theory during this time. Many people think the renminbi and euro will replace the dollar's statu.
It's real with the speed of economy go on in China.But the speed is hard to go on like this for the pressure from many aspects.
As to Europe, there is many problems in its structure, if it can sovle them, there should be a big boost in economy in Europe!
thanks for this part to let me know the thinking around the world.
2/2
I have just searched the Internet and find that the US Dollar-RMB exchange rate is: one hundred dollars equals to 650.1951 Yuan. From this we could imagine the appreciation of the Yuan in resent years. It’s beyond any doubt that this appreciating will give rise to the increase of RMB’s external purchasing power. But we should notice at the same time that RMB’s internally purchasing power is falling significantly. And I don’t think this is the expression of a fully fledged currency. So it is unwise to hug ourselves on the rising of RMB's status on the international market. Welcome the criticisms and critiques.
3,3
Its status is poised to expand, provided the euro can successfully overcome the sovereign debt crises currently faced by several of its member countries and can avoid the moral hazard problems associated with bail-outs of countries within the European Union
A larger role for the renminbi would help resolve the disparity between China’s great economic strength on the global stage and its heavy reliance on foreign currencies.
人民币国际化的更大作用在于解决中国强大的经济实力与其严重依赖外汇之间的不一致性问题。
3/3
I was very tired yesterday so i didn't leave any message just skimed over the article.
If the report is proved to be true in the futre the wokers in the financial setup will earn more money .哈哈
If a new international monetary system is built then it must be challenging and exciting. but when will this time come?
3.3 dollar’s hegemony美元霸权full-fledge
sovereign debt crises主权债务危机 moral hazard道德风险
A larger role for the renminbi would help resolve the disparity between China’s great economic strength on the global stage and its heavy reliance on foreign currencies。
gists for the article:1,There will be a shift of global growth and investment to the emerging economies before 2025.
2, The current predominance of the US dollar would end sometime before 2025 and would be replaced by a monetary system in which the dollar, the euro and the renminbi would each serve as full-fledge international currencies.